BYD Company (01211) released its annual performance, with a net profit attributable to shareholders of 32.619 billion yuan. Research and development investment increased by 17% to 63.4 billion yuan compared to the previous year.

BYD COMPANY (01211) announced its annual performance for the year ending December 31, 2025. The group achieved revenue of RMB 803.965 billion, an increase of 3.46% year-on-year. The net profit attributable to owners of the parent company was RMB 32.619 billion, a decrease of 18.97% year-on-year. Basic earnings per share were RMB 3.58. The company plans to distribute a cash dividend of RMB 39.74 per 10 shares, issue a bonus share of 8 shares for every 10 shares, and convert capital reserves into 12 shares for every 10 shares. Facing the global trend of energy system transition from fossil fuels to clean energy and the era where AI-led intelligence becomes the core engine of future social development, the group has always adhered to high research and development investment. In 2025, the R&D investment was approximately RMB 63.4 billion, a 17% increase year-on-year, with a cumulative R&D investment exceeding RMB 240 billion. In order to fully support future business expansion, accelerate globalization, and share the achievements of corporate development with shareholders and employees, the group has implemented a series of significant initiatives in key areas such as capital operation, employee incentives, and shareholder returns. In the capital market aspect, in March, the group successfully completed a lightning placement of H shares with a scale of up to USD 5.6 billion, setting a record for the largest lightning placement in the history of the global automotive industry. This received high attention and enthusiastic participation from many top long-term funds, sovereign funds, and strategic investors in the Middle East, with oversubscribed subscriptions, demonstrating global investors' strong confidence in the group's long-term development prospects and assisting the group in seizing historical development opportunities and strengthening its capital foundation. As a global pioneer and leader in the new energy vehicle industry, the group has deeply cultivated the field of new energy vehicles, relying on precise strategic layout, leading technological strength, forward-looking market insights, complete industrial system, continuously upgraded product and brand strength. It successfully defended the titles of "China's top auto company in 2025", "China's top auto brand in 2025", and "global top seller of new energy vehicles in 2025", and historically topped the global ranking of pure electric vehicle sales, demonstrating its strong market dominance. Throughout the year, the group's overseas market business made remarkable progress, with vehicle exports exceeding one million units, a year-on-year increase of 140%. According to CAAM data, the group ranked first in the list of automobile exports, with the fastest growth among the top ten vehicle export enterprises, further accelerating its globalization layout. The high-end brand diversification made breakthroughs, with a continued optimization of product structure; the combined sales volume of brands such as "Qin Plus", "Tang EV", and "Yuan EV" doubled year-on-year, setting a new benchmark for brand value. In the mass market, the group promoted industry development through technology for all, leading the trend of technology application in the industry and consolidating its position as a market leader. In December, the group achieved the milestone of producing 15 million new energy vehicles, becoming the world's first automaker to achieve this.